Portware Upgrades its Multi-Asset Execution Management System with Enhanced AI

Portware has deployed the latest version of the company’s execution management system (EMS) Portware Enterprise. The company has been at the forefront of the industry when it comes to automation of trading workflows.

The company calls its product Portware Enterprise “thinking EMS”.

New best execution requirements and pending regulatory mandates like MiFID II will force firms to tackle big data

The company’s EMS solution can be a valuable addition to buy-side clients in the trading industry that are trading equities, futures, options, fixed income, and FX. The latest version is greatly facilitating the management of compliance issues, allowing the companies and their staff to focus on their primary goal of alpha generation. On the sell-side the product is used by a number of program, principal and agency traders to automate their client order flow.

According to the company, Portware Enterprise 6.4 offers clients of the service data warehouse functionality, advanced venue analysis, and an enhanced ability to record and analyze growing volumes of execution and Indication of Interest (IOI) data.

“Market Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad Read this Term and dynamic regional compliance initiatives are placing greater pressure on buy-side firms as they look to reduce technology complexity, cut costs and manage increasingly complicated workflows. New best execution requirements and pending regulatory mandates like MiFID II will force firms to demonstrate they can effectively store, analyze and report on their execution data,” said Richard Johnson, VP Market Structure and Technology at Greenwich Associates.

Further elaborating on the matter, he added: “Firms will need to ensure they have access to advanced execution systems that can customize strategies and offer superior Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision-making. In the trading space, analytics are applied in a predictive manner in an attempt to forecast the price more accurately. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analy Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision-making. In the trading space, analytics are applied in a predictive manner in an attempt to forecast the price more accurately. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analy Read this Term necessary to deliver venue analysis and customized reporting.”

traders need smarter tools that can help them analyze market conditions and execute the best trading strategy for a particular order

Traders can choose where their orders are routed and where are they executed. The Alpha Pro artificial intelligence engine, which is part of Portware Enterprise, allows for every order on a trader’s screen to be analyzed. After the process, a particular strategy can be suggested.

Modern markets are flooding traders with an extraordinary amount of data. Filtering the signal and the noise has become particularly difficult.

“When a fundamental challenge is merely sifting through the noise to find a signal, traders need smarter tools that can help them analyze market conditions and execute the best trading strategy for a particular order at any given time—while simultaneously meeting their regulatory obligations,” said Alfred Eskandar, CEO of Portware.

“An EMS should not just be a staging and order routing tool—it needs to add measurable value. Portware Enterprise 6.4 gives our clients much needed tools to improve their most complex global trading strategies. With our expanding FactSet integration we can offer a more robust trading solution and deliver on our joint commitment to provide the investment community with state-of-the-art analytic and execution applications across the portfolio lifecycle,” Portware’s CEO elaborated.